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Are Bitcoin a security? If so, would the SEC see this promotion as violating any rules? I'm assuming Novogratz holds Bitcoin.

• gruez 8y ago
  >Are Bitcoin a security? not according to the SEC. >"Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin," Clayton said. "That type of currency is not a security." >A token, or a digital asset used in a fundraising process known as an initial coin offering, or ICO, are securities by Clayton's definition. https://www.cnbc.com/2018/06/06/sec-chairman-clayton-says-agency-wont-change-definition-of-a-security.html https://www.cnbc.com/2018/06/06/sec-chairman-clayton-says-ag...